Common use of PARS Plan Clause in Contracts

PARS Plan. If Executive participates in the PARS Plan and a Change in Control occurs as determined under the PARS Plan, then Executive shall be entitled to the lapse of transfer restrictions imposed on any grant of restricted stock to Executive under the PARS Plan, all as determined under and subject to the terms of the PARS Plan.

Appears in 4 contracts

Samples: Employment Agreement (RPM International Inc/De/), Employment Agreement (RPM International Inc/De/), Employment Agreement (RPM International Inc/De/)

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PARS Plan. If Executive participates in the PARS Plan and a Change in Control occurs as determined under the PARS Plan, then Executive shall be entitled to the lapse of transfer restrictions imposed on any grant of restricted stock to Executive under the PARS Plan, all as determined under and subject to the terms of the PARS Plan."

Appears in 1 contract

Samples: Employment Agreement (RPM International Inc/De/)

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